Aristotle Atlantic Partners LLC Lowers Stock Holdings in Chart Industries, Inc. $GTLS

Aristotle Atlantic Partners LLC lowered its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,302 shares of the industrial products company’s stock after selling 4,566 shares during the period. Aristotle Atlantic Partners LLC’s holdings in Chart Industries were worth $20,276,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GTLS. United Community Bank raised its holdings in shares of Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after buying an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after buying an additional 71 shares during the last quarter. Allworth Financial LP boosted its stake in Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after buying an additional 70 shares in the last quarter. Clearstead Advisors LLC grew its position in Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares during the last quarter. Finally, CI Investments Inc. grew its position in Chart Industries by 36.9% during the third quarter. CI Investments Inc. now owns 271 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 73 shares during the last quarter.

Chart Industries Price Performance

Shares of GTLS stock opened at $206.78 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.09 and a current ratio of 1.36. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $208.24. The firm has a market cap of $9.90 billion, a P/E ratio of 795.33, a P/E/G ratio of 0.79 and a beta of 1.73. The business’s 50 day moving average price is $207.13 and its 200-day moving average price is $203.74.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $2.66 EPS. Chart Industries’s revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $204.10.

Chart Industries Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.